Residential developer Haus Talk Inc. (HTI) plans to raise up to P2 billion from its maiden issuance of fixed-rate bonds to fund the expansion of its land portfolio.
HTI’s board of directors approved the issuance and public offering of peso-denominated bonds, with a base amount of up to P1 billion and an oversubscription option for another P1 billion, the company said in disclosure to the stock exchange Wednesday.
The bonds will be registered with the Securities and Exchange Commission and listed with the Philippine Dealing and Exchange Corp.
The board also approved the engagement of Security Bank Capital Investment Corp. as the issue manager, lead underwriter and bookrunner for the bond issuance. HTI’s management has been authorized to determine the final issue size, interest rate, offer price, tenors and other terms and conditions of the offering, as well as appoint other parties involved in the transaction.
The company’s management said the bond transaction would help expand its land portfolio and reinforce its vision of becoming a recognized property developer that provides “value for money” residential real estate projects by investing in prime land locations.
HTI develops horizontal and vertical residential projects in select cities of Metro Manila as well as in Rizal, Laguna and Cavite provinces.
HTI acquired a 13.6-hectare property located in Antipolo, Rizal from National Steel Corp. in June. The company expects this property, its next development project in the Rizal area, to yield about 1,500 residential units and generate revenues of P4.9 billion.
Land development for the area is expected to commence by the fourth quarter of 2025.
HTI’s board also declared a regular cash dividend of P0.03 per common share, to be sourced from the company’s unrestricted retained earnings as of Dec. 31, 2024. The record date for the dividend is set for Nov. 17, 2025, with payment scheduled for Dec. 10, 2025.
